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Old 05-07-2013, 12:16 PM
Status: "Looking forward to President Harris" (set 18 days ago)
 
Location: Berkeley, Denver, CO USA
15,605 posts, read 23,468,781 times
Reputation: 26846

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Quote:
Originally Posted by Prodigal Native View Post
As someone who is looking to move to Denver, I assure you, this is NOT good news.
Less than a 2-month supply of homes in Denver | Inside Real Estate News

Quote:
Bauer’s analysis of Metrolist data found that at the end of April there was a record low of only a 1.49-month supply of unsold on the market, down from the 1.55-month supply of homes at the end of March.
there is more
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Old 05-07-2013, 03:48 PM
Status: "Looking forward to President Harris" (set 18 days ago)
 
Location: Berkeley, Denver, CO USA
15,605 posts, read 23,468,781 times
Reputation: 26846
Default Home permits up 54.5%

Home permits up 54.45% in 1st quarter | Inside Real Estate News

Quote:
New home construction activity in the Denver area set a two-year streak of growth in March, according to a report released today.
In March, there were 627 building permits issued for single-family detached homes in the Denver area, from Adams to Elbert counties, a 48.6 percent jump from the 422 in March 2012, shows a report by the HBA of Metro Denver.
“March was the 24th consecutive month that permit activity had increased from the same month a year earlier,” said Jeff Whiton, president and CEO of the HBA of Metro Denver.
In the first quarter, builders pulled 1,614 permits, a 54.5 percent increase from the 1,045 permits issued in the first three months of 2012.
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Old 05-08-2013, 04:17 PM
Status: "Looking forward to President Harris" (set 18 days ago)
 
Location: Berkeley, Denver, CO USA
15,605 posts, read 23,468,781 times
Reputation: 26846
Default Take a look at some data

Surf to deptofnumbers [dot] com/asking-prices/ and take a look at various cities.

I personally don't think the current crazy trend can continue as incomes have not risen that much (if at all).
The shortage of inventory is what is driving the insane behavior here in greater Denver.

Some data
25th, Median (50th) and 75th Percentile Asking Prices for Denver Colorado (these are not inflation adjusted) Notice that median price has not changed that much over 6+ years.



Some more data
http://www.3968vrain.com/English/Den...er_Prices.html
In real dollar (i.e., inflation adjusted) terms, prices are still below January 2000.
Caveat: C-S is a lagging (by 4+ months) indicator and it will show in the next month or two a bump above January 2000.

Last edited by davebarnes; 05-08-2013 at 04:55 PM..
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Old 05-23-2013, 06:06 PM
Status: "Looking forward to President Harris" (set 18 days ago)
 
Location: Berkeley, Denver, CO USA
15,605 posts, read 23,468,781 times
Reputation: 26846
Default We post, you decide

New residents swell Denver's population - Denver Business Journal

The Mile High City is No. 11 on the Census Bureau's ranking of the 15 cities with the largest increase in the number of residents between July 1, 2011, and July 1, 2012. Denver added 14,980 residents during that time, bringing the city's population to 634,265.
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Old 05-24-2013, 08:34 AM
Status: "Looking forward to President Harris" (set 18 days ago)
 
Location: Berkeley, Denver, CO USA
15,605 posts, read 23,468,781 times
Reputation: 26846
Default We post, you decide

Colorado Division of Housing: Payroll employment hits new high for April, labor force size returns to peak levels

Quote:
Total non-farm employment in Colorado, measured by the Establishment Survey, reached the highest level yet recorded for April. During April, total employment hit 2.3 million jobs, which was the highest level recorded during any April. This follows numerous months in which the monthly total reached a five-year high but did not return to peak levels.
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Old 05-25-2013, 08:43 AM
Status: "Looking forward to President Harris" (set 18 days ago)
 
Location: Berkeley, Denver, CO USA
15,605 posts, read 23,468,781 times
Reputation: 26846
Default Data are your friends

Quote:
Originally Posted by SkyDog77 View Post
I don't think that many people in Denver are actually underwater, but I do not have data to back this up. Prices are as high as they have ever been fit now so how could people possibly be underwater? We are back to peak pricing from 2007. Denver average and median listing prices - Trulia.com
1. Prices [nominal] are not yet back to peak. Prices [real] are still way down, but that does not affect selling decisions.
2. In order to sell "at breakeven", you need to sell at 110% of purchase price.
3. Anyone who bought in 2006 and 2007 is probably underwater.
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Old 05-25-2013, 04:12 PM
Status: "Looking forward to President Harris" (set 18 days ago)
 
Location: Berkeley, Denver, CO USA
15,605 posts, read 23,468,781 times
Reputation: 26846
Default Trulia (for what it is worth) says



New peak.
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Old 05-28-2013, 09:41 AM
Status: "Looking forward to President Harris" (set 18 days ago)
 
Location: Berkeley, Denver, CO USA
15,605 posts, read 23,468,781 times
Reputation: 26846
Default Data are your friends

Another big gain in Denver home prices from previous year, says Case-Shiller report - Denver Business Journal

Another big gain in Denver home prices from previous year, says Case-Shiller report

Quote:
Denver area home prices rose 9.8 percent in March from a year earlier, the 15th straight month of year-over-year price gains, according to the latest S&P/Case-Shiller Home Prices Index, released today.
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Old 05-30-2013, 10:52 AM
Status: "Looking forward to President Harris" (set 18 days ago)
 
Location: Berkeley, Denver, CO USA
15,605 posts, read 23,468,781 times
Reputation: 26846
Default We post, you decide

Colorado new-car registrations up 10% in April, 16% year to date - Denver Business Journal

Quote:
Colorado auto dealers today reported a 10.4 percent gain in registrations of new cars and trucks in April from a year earlier, continuing a string of year-over-year sales increases.
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Old 06-04-2013, 04:38 PM
 
Location: Just south of Denver since 1989
11,483 posts, read 31,058,279 times
Reputation: 8103
Metro Denver’s resale housing market continues to shine, with the latest national report showing 15 consecutive months of year-over-year price gains, according to Corelogic Inc.'s report released Tuesday.

Metro Denver's home sales still cooking - Denver Business Journal

oh, and interest rates for home loans are creeping up.
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